September, 2014
Mariah Timms
News Writer
Business News
The number of people applying for unemployment benefits dropped in the first week of September to the lowest it has been since May 2007. 2.43 million people applied for unemployment in that time. Applications remain at pre-recession levels, says the Washington Post, and this data comes even as hiring levels have dropped slightly since August. The adjusted four-week average of applicants has shown over the past year to drop by 7.1 percent of the population. Even with fewer unemployment applications, wage levels have barely, if at all, overcome inflation rates since the end of the recession, so the actual benefit to employees is difficult to calculate.
